Business Outlook
The company expects third-quarter revenue to be between $160 to $170 million. The company also estimates the following results:
On a GAAP basis:
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/25/2024 | $155.00 → $145.00 | Buy | TD Cowen |
| 4/25/2024 | $150.00 | Hold → Buy | Needham |
| 4/24/2024 | Buy → Hold | Summit Insights | |
| 2/8/2024 | $140.00 → $155.00 | Outperform | TD Cowen |
| 12/8/2023 | $145.00 | Overweight | JP Morgan |
| 11/1/2023 | Underweight → Equal Weight | Barclays | |
| 7/7/2023 | Mkt Perform | Raymond James | |
| 2/2/2023 | Hold → Buy | Summit Insights |
TD Cowen reiterated coverage of Silicon Labs with a rating of Buy and set a new price target of $145.00 from $155.00 previously
Needham upgraded Silicon Labs from Hold to Buy and set a new price target of $150.00
Summit Insights downgraded Silicon Labs from Buy to Hold
New Custom Part Manufacturing Service (CPMS) and Device Attestation Certificates (DAC) Injection Streamline Security Implementation for Matter-Certified IoT Devices AUSTIN, Texas, Oct. 9, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology, in partnership with Kudelski IoT, a division of the Kudelski Group (SIX: KUD.S) and a global leader in digital security and IoT solutions, today announced a new solution to accelerate the time to market for Matter-certified IoT devices. The collaboration integrates Kudelski IoT's Matter Device Attestation Certificates (DAC) into Silicon Labs' Custom Part Manufacturing Service (CPMS), enabling device makers
AUSTIN, Texas, April 24, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced the appointment of industry veteran Bob Conrad as its Senior Vice President of Worldwide Operations. Conrad transitions from his current role serving on Silicon Labs' Board of Directors and brings over 40 years of experience in the semiconductor industry to his new position. With a distinguished career that includes leadership roles at Texas Instruments, Analog Devices, Fairchild Semiconductor, Freescale, and NXP Semiconductors, Conrad's extensive background will bolster Silicon Labs' global operations as the company advance
AUSTIN, Texas, April 19, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced Radhika Chennakeshavula will join the company as Chief Information Officer (CIO), effective April 24, 2024. Chennakeshavula will drive Silicon Labs' digital transformation strategy, as well as oversee IT operations, enterprise applications and data analytics. Chennakeshavula previously served as the VP of Infrastructure Operations and Engineering Services at Western Digital, where she successfully led the infr
Renowned two-day conference brings in-depth learning and expertise for the IoT AUSTIN, Texas, Nov. 5, 2024 /PRNewswire/ -- Silicon Labs, a leader in secure, intelligent wireless technology, is excited to announce that registration is now open for the 2024 Works With Virtual Developers Conference. Scheduled for November 20 and 21, this premier event is free to attend and will bring together IoT developers, device manufacturers, wireless experts, engineers, and business leaders from around the globe. "We are thrilled to open registrations for this year's Works With Virtual Devel
Wireless IoT leader delivers third-quarter results above the midpoint of its guidance AUSTIN, Texas, Nov. 4, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the third quarter, which ended September 28, 2024. "Silicon Labs delivered solid sequential revenue growth as several key design wins began ramping in the quarter," said Matt Johnson, President and Chief Executive Officer at Silicon Labs. "Looking ahead, progress on inventory destocking and demand recovery rema
AUSTIN, Texas, Oct. 17, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that it plans to release third quarter 2024 financial results on Monday, November 4, 2024. An earnings conference call will follow the release at 3:30 p.m. Central Time. The call will be streamed from the Investor Relations section of the company's website at silabs.com. A replay will be available after the call on the investor page of the company's website at silabs.com. The replay will be available through De
4 - SILICON LABORATORIES INC. (0001038074) (Issuer)
4 - SILICON LABORATORIES INC. (0001038074) (Issuer)
4 - SILICON LABORATORIES INC. (0001038074) (Issuer)
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SC 13G - SILICON LABORATORIES INC. (0001038074) (Subject)
SC 13G/A - SILICON LABORATORIES INC. (0001038074) (Subject)
10-Q - SILICON LABORATORIES INC. (0001038074) (Filer)
8-K - SILICON LABORATORIES INC. (0001038074) (Filer)
10-Q - SILICON LABORATORIES INC. (0001038074) (Filer)
Needham analyst Quinn Bolton reiterates Silicon Laboratories (NASDAQ:SLAB) with a Buy and maintains $150 price target.
Fabless global technology company Silicon Laboratories Inc (NASDAQ:SLAB) reported fiscal second-quarter 2024 sales of $145.37 million, down 40.6% year-over-year, beating the analyst consensus estimate of $140.16 million. The fabless global technology company’s adjusted EPS loss of 56 cents beat the analyst consensus loss estimate of $(0.64). Margins: Adjusted gross margin of 53% and adjusted operating margin loss of 17.3% fell from 58.9% and 16.3% a year ago, respectively. Industrial & Commercial revenue for the quarter was $88 million, down from $165 million a year ago. Home & Life revenue for the quarter was $57 million, down from $80 million a year earlier. CEO Matt Johnson
Business OutlookThe company expects third-quarter revenue to be between $160 to $170 million. The company also estimates the following results:On a GAAP basis:GAAP gross margin to be between 54% to 56%GAAP operating expenses of approximately $123 million to $125 millionGAAP diluted loss per share per share between $(0.95) to $(1.25)
Wireless IoT leader delivers third-quarter results above the midpoint of its guidance AUSTIN, Texas, Nov. 4, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the third quarter, which ended September 28, 2024. "Silicon Labs delivered solid sequential revenue growth as several key design wins began ramping in the quarter," said Matt Johnson, President and Chief Executive Officer at Silicon Labs. "Looking ahead, progress on inventory destocking and demand recovery rema
AUSTIN, Texas, Oct. 17, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that it plans to release third quarter 2024 financial results on Monday, November 4, 2024. An earnings conference call will follow the release at 3:30 p.m. Central Time. The call will be streamed from the Investor Relations section of the company's website at silabs.com. A replay will be available after the call on the investor page of the company's website at silabs.com. The replay will be available through De
Wireless IoT leader delivers strong second-quarter growth AUSTIN, Texas, July 24, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the second quarter, which ended June 29, 2024. "Silicon Labs delivered another quarter of strong sequential growth, driven by a combination of design wins ramping to production in several key growth areas, and end customers working down their excess inventory," said Matt Johnson, President and Chief Executive Officer at Silicon Labs. "Look